Americold Realty Trust (NYSE:COLD) Sets New 1-Year Low – Should You Sell?

Americold Realty Trust, Inc. (NYSE:COLD)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $20.97 and last traded at $21.10, with a volume of 123729 shares. The stock had previously closed at $21.29.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Barclays dropped their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Scotiabank lowered their target price on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research note on Tuesday, December 10th. Raymond James reduced their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, Robert W. Baird lowered their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Americold Realty Trust Price Performance

The stock has a market cap of $5.88 billion, a PE ratio of -20.49, a P/E/G ratio of 1.80 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The business has a 50 day moving average price of $22.60 and a two-hundred day moving average price of $26.07.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business had revenue of $674.17 million during the quarter, compared to analysts’ expectations of $663.87 million. During the same period in the prior year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts expect that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 4.25%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Insiders Place Their Bets

In related news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the sale, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Americold Realty Trust

Large investors have recently modified their holdings of the company. Assetmark Inc. increased its stake in Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after acquiring an additional 961 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Americold Realty Trust in the third quarter worth approximately $55,000. Blue Trust Inc. raised its stake in Americold Realty Trust by 29.5% in the third quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock valued at $110,000 after purchasing an additional 883 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Americold Realty Trust during the third quarter valued at approximately $128,000. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.